Delta posts record Q3 revenue but cuts full-year EPS forecast on higher fuel costs

Delta Air Lines reported record operating revenue of $17.6 billion for the quarter ended 30 September, a 16 % increase from the prior year.

The airline’s net profit was almost halved year‑over‑year, fuel costs rose 69 % in the quarter, and Delta cut its full‑year earnings‑per‑share forecast to $5.10–$5.60 from $6.50–$7.50, citing an expected additional $6 billion in jet‑fuel expenses for the year; CFO Erik Snell said the revision was entirely due to higher fuel prices than expected in July.